Sheridan, Inc., makes and sells drum sets. William Brown, controller, is responsible for preparing the master budget. The sales manager has given William the following sales forecast for the coming months. April May June July Forecasted unit sales 17,000 20,000 15,000 16,000 Sheridan expects to have 8,500 drum sets in ending inventory on March 31. The company's policy is to carry 35% of the following month's projected sales in ending inventory. Prepare Sheridan's production budget for the second quarter. Budgeted unit sales Budgeted ending inventory Total units required Beginning inventory Budgeted production April 17,000 7,000 May 20,000 June 15,000 Sheridan, Inc., makes and sells drum sets. William Brown, controller, is responsible for preparing the master budget. The sales manager has given William the following sales forecast for the coming months. April May June July Forecasted unit sales 17,000 20,000 15,000 16,000 Sheridan expects to have 8,500 drum sets in ending inventory on March 31. The company's policy is to carry 35% of the following month's projected sales in ending inventory. Prepare Sheridan's production budget for the second quarter. April 17,000 May 20,000 June 15,000 I Quarter 52,000 tory 7,000